bitpetro on Nostr: We are developing a hardware solution and API module called MBL for Meter By ...
We are developing a hardware solution and API module called MBL for Meter By Lightning that will solve a significant disconnect that exists between when and how hydrocarbons flow compared to when and how the payments for delivered products are settled. The disconnect results in cash lag, credit risk, and increased energy costs. The problem is the extended settlement time, it introduces downstream risk and complexities.
MBL resolves these issues by integrating existing hardware and custom software developed by and for the energy industry with integration into a peer-to-peer payment network. MBL’s platform offers revolutionary transaction capability and near-instant settlements. Synchronizing the custody exchange of energy with payments removes the financial overhead currently required in the administration of sales across the Upstream, Midstream, and Downstream sectors of the Energy Industry. Creating undue financial friction that can impede investment and innovation.
https://www.youtube.com/watch?v=-ePeoavu5-w
Enabling energy companies to settle transactions more frequently, based on real-time sensor data, reduces counterparty risk and the need for collateral. Combined with the reduction in overhead costs from automating legacy and piecemeal settlement processes, MBL can help lower data error risks associated with manual accounting and settlement of hydrocarbons.
MBL will launch near real-time settlement service for Midstream companies, Upstream Operators, and other parties involved in the gathering and distribution of oil and gas, and energy early next year. Flexible transaction capabilities include oracle based pricing and simultaneous multi-party settlement. The service which provides custom software and hardware will be available for the broader energy industry starting in 2024.
#bitcoin #energy #oilandgas #lightningnetwork
MBL resolves these issues by integrating existing hardware and custom software developed by and for the energy industry with integration into a peer-to-peer payment network. MBL’s platform offers revolutionary transaction capability and near-instant settlements. Synchronizing the custody exchange of energy with payments removes the financial overhead currently required in the administration of sales across the Upstream, Midstream, and Downstream sectors of the Energy Industry. Creating undue financial friction that can impede investment and innovation.
https://www.youtube.com/watch?v=-ePeoavu5-w
Enabling energy companies to settle transactions more frequently, based on real-time sensor data, reduces counterparty risk and the need for collateral. Combined with the reduction in overhead costs from automating legacy and piecemeal settlement processes, MBL can help lower data error risks associated with manual accounting and settlement of hydrocarbons.
MBL will launch near real-time settlement service for Midstream companies, Upstream Operators, and other parties involved in the gathering and distribution of oil and gas, and energy early next year. Flexible transaction capabilities include oracle based pricing and simultaneous multi-party settlement. The service which provides custom software and hardware will be available for the broader energy industry starting in 2024.
#bitcoin #energy #oilandgas #lightningnetwork